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Wednesday, April 9, 2014
The International Monetary Fund said Tuesday China's economic growth would slow to 7.5 percent this year and 7.3 percent in 2015, avoiding a “hard landing” if the government addresses risks and undertakes reforms.
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Taiwanese food and beverage firms were represented at the 19th Food and Hotel Asia (FHA) trade fair that opened Tuesday at Singapore's Expo Convention and Exhibition Center, with a display booth featuring alcoholic drinks, halal food and deep ocean products, an event organizer said.
A rare Ming-era wine cup broke the world auction record for any Chinese porcelain on Tuesday, selling in Hong Kong for HK$36.05 million to Shanghai tycoon Liu Yiqian, Sotheby's auction house said.
Consumer confidence in Taiwan remained the lowest in the Greater China region during the first quarter of 2014, according to a survey published in Beijing on Tuesday.
S. Korea signs free trade agreement with Australia
South Korea and Australia signed a free trade deal Tuesday which will scrap almost all tariffs within a decade while immediately lifting levies on some key exports, including South Korean cars and Australian wine.
Advanced Semiconductor Engineering Group (ASE, 日月光) and AU Optronics (AUO, 友達) yesterday announced their performance results for March and the first quarter of this year, with both companies recording month-on-month improvements of 22.3 percent and 20.7 percent respectively.
Official data showed that the securities net overbought position by foreign investors was NT$36.45 billion during the week of March 31-April 3, increasing 15.45 percent or NT$4.88 billion from a week earlier.
Taiwan's trade outlook remains positive as the economy of China, the country's top trade partner, will likely bottom out and global recovery is on track, foreign banks said Tuesday.
China Development Financial Holding Corporation's (中華開發金控) NT$23 billion (US$763 million) acquisition of Cosmos Bank (萬泰銀行) was approved by the two institutions' shareholders Tuesday.
Taiwan Stock Exchange closed up 11.81 points, or 0.13 percent, at 8,888.25 after moving between 8,860.70 and 8,899.12 on turnover of NT$91.18 billion (US$3.01 billion).
  
  
  
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